Wedbush Securities Managing Director Dan Ives says that a three -year bull market for one stock market sector is just in the first phase.
In a new interview with CNBC Television, Ives out Those technical shares will continue to rise as the revolution of artificial intelligence (AI) continues to move.
“I think we are just starting this Golden Age for technology. And the reason I think technical shares have risen 10 to 15% in the second half of the year is because the second, third, fourth derivatives of AI, they have just started playing. I mean when you look over, you look at the consumer report.
And for me that is really the focus here – that is if the AI revolution is set, if I think you come to Nasdaq 22,000 or 23,000. ”
Ives also notes that he is looking at the price dips on the road, not as risky scenarios that must be avoided, but rather as opportunities for traders to get into the game.
“I see those opportunities. I mean my entire career, those are the opportunities, if you think the fundamental stories are playing. And I think when it comes to technology, this just starts. I think it’s a three-year-old Tech Bull market that is still for us.”
The Nasdaq composite is 20,601 points at the time of writing, an increase of 1.02% during the last 24 hours.
https://www.youtube.com/watch?v=WABMXVMBEEEY
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